Foot Locker (NYSE:FL) will be posting its quarterly earnings results before the market opens on Thursday, February 22nd. Analysts expect Foot Locker to post earnings of $1.21 per share for the quarter.
Shares of Foot Locker (NYSE:FL) opened at $48.17 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5,840.00, a PE ratio of 12.13, a P/E/G ratio of 2.29 and a beta of 0.80. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86.
In other Foot Locker news, CEO Richard A. Johnson sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,251,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew M. Mckenna sold 10,899 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total transaction of $499,392.18. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,603,700. The disclosure for this sale can be found here. Insiders sold 56,899 shares of company stock valued at $2,801,692 over the last 90 days. 1.73% of the stock is currently owned by company insiders.
Several analysts recently issued reports on the company. Jefferies Group set a $61.00 target price on Foot Locker and gave the stock a “buy” rating in a research note on Friday, November 17th. Canaccord Genuity set a $67.00 target price on Foot Locker and gave the stock a “buy” rating in a research note on Sunday, January 7th. Barclays raised their target price on Foot Locker from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. OTR Global raised Foot Locker to a “positive” rating in a research note on Friday, February 9th. Finally, Telsey Advisory Group raised Foot Locker from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $44.00 to $56.00 in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $56.15.
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About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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